Tag: OPEC quota

Global Oil Prices Fall as Trump Signals Iran Peace Deal, Nigeria Exceeds OPEC Quota

Business Damilola Bayonle -
Global oil prices fell sharply on Thursday after United States President Donald Trump announced that planned military strikes against...

Oil Boom Window Opens: Nigeria Urges Operators to Boost Production as Prices Surge

Business Damilola Bayonle -
Nigeria’s oil and gas sector is once again at a critical crossroads, as rising global crude prices create a...

Nigeria’s crude oil earnings hit N55.5tn in 2025 despite production struggles

Business Damilola Bayonle -
Nigeria generated an estimated N55.5tn from crude oil sales in 2025, underscoring the continued dominance of petroleum earnings in...

Nigeria’s oil output surges as crude production peaks at 554.4 million barrels in 2025

Business Damilola Bayonle -
Nigeria’s Crude Production Peaked at 554.4mb in 2025 — NUPRC Nigeria’s oil and gas sector recorded a notable performance in...

Workers’ strike and maintenance slash Nigeria’s oil output in September — NUPRC

Business Damilola Bayonle -
Nigeria’s oil output declined in September 2025, following a combination of industrial action by senior oil workers and scheduled...

OPEC Representative: NNPC MD secures powerful key role

Business Damilola Bayonle -
Nigeria’s energy industry has recorded a significant milestone with the appointment of Maryamu Idris, Managing Director of NNPC Trading...

Nigeria’s crude output falls sharply below OPEC quota again

Business Damilola Bayonle -
Nigeria’s crude output slips below OPEC quota once again, marking a setback after two months of strong performance that...

Nigeria sticks to OPEC rules amid Output Rise – Lokpobiri

Business Damilola Bayonle -
Nigeria has restated its commitment to the Organisation of Petroleum Exporting Countries (OPEC) production rules, despite recent increases in...

OPEC quota surpassed as Nigeria keeps Oil production high

Business Damilola Bayonle -
Nigeria has maintained crude oil production above its Organisation of Petroleum Exporting Countries (OPEC) quota for the second straight...